CNN reported today on the ISIS takeover of sections of Iraq and Syria and the potential outcome of further oil sales by the barbaric terrorist group that has reportedly beheaded children in its captured territories.

“ISIS control just a few marginal fields in Iraq's north, but they are enough to fund the terrorist group's self-sufficiency,” CNN reported.

“A month ago, the ISIS--controlled oil market in Iraq was reported to be worth $1 million a day. Now, with expansion, further control of oil fields and smuggling routes, the market is believe...

Effective Rig Count drops to 2,771: Permian oil growth slowing EnerCom has released its latest Effective Rig Count, examining the state of drilling activity in major shale basins. The Effective Rig Count fell to 2,771 in July, marking the first decline in the EERC since the downturn bottomed out in May 2016. The EERC expresses current activity measured in terms[Read More…]